Question: Hamada Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020: Budgeted manufacturing
Hamada Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020: Budgeted manufacturing overhead costs $4,200,000, Budgeted machine-hours 175,000, Actual manufacturing overhead costs $4,050,000, and Actual machine-hours170,000. the budgeted manufacturing overhead rate is:
a.
$23.14 per machine-hour
b.
$23.82 per machine-hour
c.
$24.00 per machine-hour
d.
$24.71 per machine-hour
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